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MBOXX ( similar to Weis Wave )/Wyckoff


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MBOXX ( similar to Weis Wave )/Wyckoff

  #101 (permalink)
 
KahunaDog's Avatar
 KahunaDog 
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
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Popsicle View Post
I purchased the grandfather package too and I have been in the room since 2nd February this year. Although the above post is correct, I do think there is a bit more to be said about the trading room.

In the beginning I was also perplexed about the setups that are being taught as a foundation. But as I dug deeper I realized something. Trading is not about using a set of indicators (as most of us hopefully know by this stage). It is mostly about getting over yourself. Your mindset, your pre-conceived ideas etc. What Matt, Mike and the other pros teach in the room is what it takes to become a professional day trader. That is the foundation of the whole apprenticeship. Yes, you read that right, it is an apprenticeship. As in I am going to learn from a master how to develop a certain skill and apply that skill and master it. The basic setup you start off with to learn this skill is just that, basic. But it is done for a very good reason. It teaches you how to read price action, how to read momentum and how to manage risk effectively. Once you master that, you can basically do anything in trading.

Here is the thing that I see over and over in the room though. People cannot get over themselves and just accept the fact that they might have to start again with a very basic way to trade. Without fail they come into the room kicking and screaming and questioning everything. They begrudgingly start the basic setup idea, but every step of the way still fighting it and putting their own biases on it. The people I see that make it are the people who can get over their own ideas of what trading should be and just go with the flow and actually learn to trade. I have not come across another trading room ever that is so interested in making you an independent trader. One that does not need anybody else to trade. Yes I agree, if you look at the ratio of people who have 'made it' in the room it looks relatively small. What people miss though is that they all have one thing in common. They have all gotten over themselves and put trading first, no biases etc.

Once you have this basic setup down and trading it well, there are many options. All the pros in the room trade their own accounts differently. I think this is a testament to the fact that this room is there to teach you a basic way of looking at the market and you can build literally anything on top of that and be successful. Matt covers all the MBox indicators and concepts in the room every day constantly through the day. All you have to do is ask questions and he will happily answer.

You can look at my other posts on this forum. Over the last 4 years or so I have tried many approaches, some almost successful and some a total disaster. I have been in this room for almost three months now and I am happy to say that I have reached consistency already. I pretty much make my nut every day. And this I guess is the end goal, to be a consistent trader that could do this for a living. The only question you have to ask yourself is how far are you willing to go to achieve this. What are you willing to let go of and what are you willing to learn, even though it may seem basic in the beginning.

Just my 2c

^This.

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  #102 (permalink)
Lfx987
London
 
Posts: 51 since Apr 2019
Thanks Given: 90
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KahunaDog View Post
I have MBOX, I like it. It does what it was designed to do.


Do I trade like Mike the originator?
No.
What people fail to understand is the MBOX is based on Wyckoff/Dow theory. More importantly they fail to understand Wyckoff and indicators.
The indicators do what they're supposed to do. Thumbs up.
People fail to understand the context of the markets, the indicators, Wyckoff, market context, market concepts, self.

If you listen to the room moderator in the youtube video he is a real person who talks like a real person, colorful and like a lot of New Yorkers. Get over the political correctness, bs, etc. What a joke. If you don't like that then don't go. From what I read you can trial the room. No I am not in the room or a member. I simply liked the indicators and had an understanding of them before I bought. They did what I needed so I bought it. 1000usd no big deal. Invest in yourself and education. I knew ahead of time what the indicators did. How to start using it and what to look for. Do not try to buy the indicators to learn to trade. Learn about the markets, then learn what to measure then decide what tools to best use.


All these posts slamming MBox and Mike(S)... you should take responsibility for your own education, accountability and not be so sensitive.
I have a ton of indicators I paid for through the years and I like MBox for it displays what it is supposed to. I use several pieces of it in my normal layout. I use it in conjunction with footprintS, vol profile and dom.


You seem to be confusing a lot of different points:

1 - The room does not utilize mBox. In fact Mike(S) actually tells people to remove all the mBox stuff if they want to make money, he calls that stuff "shit".

2 - You do not need to join the room if you want to learn mBox. The rooms primarily set-up is the pull-back to moving averages. No mBox needed, in fact they don't teach any set-ups off mBox.

Mike(S) only contributes to the room, he is not the owner, that is Matt Bowen. As you said, you have never been o the room let alone heard Mike(S) view on certain topics (people of color) they are frankly abhorrent.

As regards taking responsibility for your own education, well if I signed up to learn accounting because that's what the course implied but the teacher started teaching marketing, would I be happy - No I would not. The room was sold as a means to LEARNING mBox which it clearly was failing to do. That is the point

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  #103 (permalink)
Lfx987
London
 
Posts: 51 since Apr 2019
Thanks Given: 90
Thanks Received: 79



KahunaDog View Post
^This.

Wrong.

That statement was so full of holes.

A good teacher looks at a students strengths and weaknesses and then determines a course of action. That room teaches one set-up and if you can't get it (because that trading style does not fit your personality) as someone else mentioned, you are ridiculed and berated. The room simply cannot teach another set-up because it does not have one. It's either learn the one set-up or get lost as you are rubbish. Hardly a sign of a good teacher is it?

As you said, you have never been to the room so I hardly think you are qualified to comment on it. Leave the comments on the room to those who have experienced it.

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  #104 (permalink)
 Maydo 
New York
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES
Posts: 23 since Oct 2019


JonnyBoy View Post
The MBOXX videos and charts are presented to you by Cherry Picked Films Ltd. He never shows losses. He never shows when his indicators perform badly. He just scans for the instruments that worked that particular day for his indicators and marks up a chart. Pretty much rinse and repeat.

I watched one of his videos. It had lots of comments about him trading in SIM on his platform. He refuted and it appears the comment(s) has since been deleted.

It is easy to make a video of you trading profitably. If you made tons of money, post it. If you lost a ton of money, don't post it.

There is a reason why he doesn't give a free trial. It is up to the potential purchaser as to the reason why.



You may be right about that, but his indicators are actually really good..at leas for my trading system

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  #105 (permalink)
 
KahunaDog's Avatar
 KahunaDog 
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
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Lfx987 View Post
Wrong.

That statement was so full of holes.

A good teacher looks at a students strengths and weaknesses and then determines a course of action. That room teaches one set-up and if you can't get it (because that trading style does not fit your personality) as someone else mentioned, you are ridiculed and berated. The room simply cannot teach another set-up because it does not have one. It's either learn the one set-up or get lost as you are rubbish. Hardly a sign of a good teacher is it?

As you said, you have never been to the room so I hardly think you are qualified to comment on it. Leave the comments on the room to those who have experienced it.

You have 17posts, +10 are on bashing the room.

Have you watched the free youtube videos with the designer? He repeatedly shows over dozens of videos to build a frame work. How many x have you written notes on the videos? How many x have you tried to build trading plans for yourself and the day through the designers frame work integrating Wyckoff and the indicators? How many times have you read Wyckoff ?

You don't know what you don't know

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  #106 (permalink)
 
JonnyBoy's Avatar
 JonnyBoy 
Montreal, Quebec
 
Experience: Advanced
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Broker: Kinetick
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Maydo View Post
You may be right about that, but his indicators are actually really good..at leas for my trading system

Fair enough. I am glad they work for you.

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  #107 (permalink)
Lfx987
London
 
Posts: 51 since Apr 2019
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KahunaDog View Post
You have 17posts, +10 are on bashing the room.

Have you watched the free youtube videos with the designer? He repeatedly shows over dozens of videos to build a frame work. How many x have you written notes on the videos? How many x have you tried to build trading plans for yourself and the day through the designers frame work integrating Wyckoff and the indicators? How many times have you read Wyckoff ?

You don't know what you don't know

I have not bashed the room - I haves said they do not teach mBox which is fact.

I have said they teach only one basic set-up and they have no others basic set-ups to each - that is fact.

I have been in the room - that is fact.

You have not - that is also fact.

The videos is not what people paid for when they joined the room - in fact, about until maybe last year, the videos were non existent (I joined 2018)

And when did I bash the indicaor? My whole point is that the room does not teach the indicators or Wyckoff - that is the point which you seem to be so getting confused over. yet that is what people pay money on the understanding they will be learning (ie. people taking personally responsibility to learn).

You don't know if you are defending the room or the indicator, or both. You certainly have zero right to defend the room considering you have never been in there (your own words). So please tell me who is better qualified to talk about the room? You or I?

With regards the mBox indicator, what I said was that it could be created freely on Sierra for that is also fact.

You talk about people taking responsibility for their education yet when they do but the education was not what was advertised, you seem to think its still the vendor is not to be blamed.

My lack of post does not mean my posting have no relevance especially as they come from direct knowledge about the matter.

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  #108 (permalink)
 
KahunaDog's Avatar
 KahunaDog 
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
Trading: ES, ZB fine alcohol and muscle cars
Posts: 549 since Apr 2013
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Thanks Received: 412


Lfx987 View Post
Hello all,

I purchased the Grandfather package in 2018.

...

I felt "cheated" with the grand-father package.

^Fact.

I plainly said I did not join the room.

You said complaints about the indicators and room.
You fail to take responsibility. Blame other people. You do not want to trade how they trade in the room. You want to trade how you trade. You blame the teacher, the teaching style and everything else.

You have 10+ posts against this room of a total 23 or so posts.

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  #109 (permalink)
 
KahunaDog's Avatar
 KahunaDog 
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
Trading: ES, ZB fine alcohol and muscle cars
Posts: 549 since Apr 2013
Thanks Given: 1,168
Thanks Received: 412

Cross thread
Jigsaw Trading View Post
I understand this need - but are you 100% sure you want a mentor? What if the mentor asks you to do stuff you don't really want to do:

- Be 100% responsible for your trading decisions & your trading plan
- Cut down your trading time so you have more time to go over videos of every trade you make at the end of every day
- Write to your trade journal after every trade
- Stick rigidly to your plan and make no off plan trades (people find this really tough)
- Keep an eye on the news, the volatility, the pace of the market - use that to decide whether to trade or not
- Not trade on some days
- Throw a lot of your beliefs about trading away
- Have 100% faith in your mentor and follow his instructions to the letter

I'm not saying any of these are things you specifically...

In my experience. A lot of people looking for a mentor are looking for setups. They are looking for a shortcut. They are looking for less work. It's normal for traders to underestimate the amount of work involved to improve and when the shortcut initially looks like a lot of extra work - they bail.


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  #110 (permalink)
Lfx987
London
 
Posts: 51 since Apr 2019
Thanks Given: 90
Thanks Received: 79



KahunaDog View Post
^Fact.

I plainly said I did not join the room.

You said complaints about the indicators and room.
You fail to take responsibility. Blame other people. You do not want to trade how they trade in the room. You want to trade how you trade. You blame the teacher, the teaching style and everything else.

You have 10+ posts against this room of a total 23 or so posts.

Wrong again.

The grand father package was sold with the implication that it would teach mBox. It clearly was not doing this. So yes I feel cheated.

I signed up to learn a very particular aspect only then to be taught something else. This is called mis-representation. Not sure what you are finding so hard to understand.

Let me ask you a question. If you signed up to learn how to trade via the Dom based on a particular advertising, yet the teacher started teaching moving average set-ups, how would you feel? Are you saying you are wrong for wanting to learn Dom or is the teacher wrong for teaching what you signed up for? It's really is that simple.

For someone who claims he has never been in to the room or knows anything about it, you sure are wasting an awful lot of time defending it. Why?

And for your information, my claims have been validated by others who fell for the blatant mis-representation.

Oh and if you read carefully, I have written that what they teach works wonderfully for some, it just wasn't what I wanted as I already had that and was looking to add something else to my knowledge base.

So again, why such a defence of something you have zero experience of knowledge of?

So what if I have 10 posts out of 24 - I am sharing what I have experience of (which others have also backed up) whereas you are defending that which you have zero experince of. So who should people believe, you with zero knoweldge in this matter or those who have experience in this matter?

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